Local car assemblers receive Sh28 billion tax waivers in three years

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Motor Vehicle Assembling at the Associated Vehicle Assemblers (AVA) Plant in Mombasa. FILE PHOTO | KEVIN ODIT | NMG

Local car assemblers have received Sh28 billion in tax waivers in four years, helping them to ramp up production.

A new report from the Treasury shows that tax expenditure or the value of revenue foregone by the government due to tax reliefs on locally assembled vehicles has increased since 2017 tied to government policies.

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Note: The results are not exact but very close to the actual.